Overview
- Cargiant said its London retail site will close on April 24 after owners could not secure a buyer or a viable path for the business.
- The company will run a managed wind‑down, sell remaining cars over the coming weeks, and keep aftersales support in place to honor existing commitments.
- Leaders blamed a sustained drop in used‑car supply tied to the UK zero‑emission vehicle mandate, along with higher running costs and a more complex retail market.
- Management consulted more than 500 employees over the past month, and roles are at risk as retail operations cease and only support functions continue.
- The 46–50 acre Hythe Road site sits next to the planned HS2 interchange and is reported to be worth about £100 million, a factor that has shaped the company’s property decisions.